DALLAS -

Copart has launched its first location and online auction in Germany, the company announced Monday.

The car storage and auction location is in Bad Fallingbostel, near Hanover.

“This is an incredible milestone for Copart. We are now offering the full Copart model to the German market, the 10th country in which our model has been implemented,” Copart president Vinnie Mitz said in a news release. “We have run a series of demonstration auctions in Germany to confirm that our new technology meets the stringent requirements of this market.”

Copart’s first foray into Germany was through its purchase of Wreck Online Market.

Since then, the company said it has been working to build a system that adheres with German and pan-European legislative requirements and the German insurance industry’s Code of Conduct.

“We have several years of experience in Germany through our subsidiary, WOM, and the growth of that business has been impressive in recent years,” said Nigel Paget, Copart’s chief executive officer for Europe. “The Copart model has been adopted with great success elsewhere in Europe, and we look forward to bringing the benefits of that market-leading approach to Germany.”

The company said more than 10,000 people from over 100 countries visited Copart.de to preview inventory during the two weeks leading up to a final demonstration auction for Copart Germany.

“We are happy to report that we have succeeded on all fronts and are now fully operational and are actively engaged with the German insurance market to grow our volumes and pursue additional expansion opportunities,” Mitz said.